COMMERCIAL.

Patea Mail, Volume VIII, Issue 1026, 25 April 1883, Page 2

COMMERCIAL.

THE MONEY MARKET. Messrs Chas. Pownall and Co., Scriveners Wellington, report that though the quotation for money for mortgage investment remains unchanged, viz., 7 to S per cent., there is more difficulty in obtaining it now at the lower rate. During the last month a considerable sum, amounting to about £150,000 of outside capital has been placed in this, and the Taranaki provinces, and the supply offering being somewhat more limited ; the market has a slightly hardening tendency. In Australia full prices continue to prevail, and we have only to look therefore to further remittances of English capital to obviate rates being demanded here. GRAIN AND PRODUCE. The New Zealand Farmers’ Co-operative Association of Canterbury (Limited) report for the week ending Saturday, April 21, as follows :

Although prices show but slight alteration a very considerable amount of produce is changing hands. Wheat is more difficult to place, except in really sound lines, fit for shipping. The amount of second and damp qualities is very large. Peas for feeding and export arc inquired for. Wheat may be quoted to 4s 6d for _ really dry Tuscan, f.0.b.; seconds, according to quality, are worth up to 3s lOd Christchurch, Oats —Feed range’from Is 9d to 2s Id. according to sample : heavy weight milling, to 2s 3d. Discoloured feeds arc selling, delivered at country stations in South Canterbury, from Is Od upwards. Barley is offering freely, but as the majority of samples are of medium quality but little business is being done. We quote—Good to 4s 6d ; fair and medium, 4s to 4s 3d . Beans are being shipped, growers in maiiy cases preferring to try the English market in preference to accepting the 3s 3d now offering. Peas—Blue -Prussian hand-threshed are enquired for, and are worth 3s 9d; other sorts, 3s 3d to 3s 6d. Grass Seed —Rye is selling at 3s 3d to 3s lOd, according ti quality. Cocksfoot is very weak ; samples offering in Christchurch at 3|d, without finding buyers. Butter is rising; good potted may be quoted to Is per lb. Cheese—o', d per lb. Potatoes—32s Cd per ton at country stations, within, say, twelve miles of Christchurch.